Water consumers and anti-water privatization advocates led by the Freedom from Debt Coalition warned Pres. Aquino and Sec. Cesar Purisima of the Department of Finance (DoF) not to process the P82.44 billion compensation claim that water companies are demanding from the government on the basis of sovereign guarantees issued in connection with the privatization.
“The demand for almost P83 billion to cover the water companies projected losses is outrageous and unjust and should be rejected. Why should we pay money out of the national coffers to ensure the profits of wealthy corporations when we don’t even have enough for basic social services?” Samuel Gamboa, FDC Secretary General asked.